Egypt Revolution-basic Case Study-2

8/3/2019 Egypt Revolution-basic Case Study-2

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EGYPT REVOLUTION(Basic Case Study)

Tunisia has undergone increasing economic liberalization over the last decade: Inthe 2010-2011 World Economic Forums Global Competitiveness Report, it wasranked as the most competitive country in Africa, as well as the 32nd mosteconomically competitive country globally. North Africas large Muslimpopulations are a vast business opportunity for Islamic banking and otherbusinesses.

Jacob Rothschild, senior member of the British branch of the Rothschild dynasty

Contrary to popular belief, the worlds finances are controlled by privately-ownedcentral banks masquerading as federal government banks in nearly everycountry in the world [The U.S. Court of Appeals, Ninth Circuit, ruled that TheFederal Reserve (U.S.' central bank) was privately owned in 680 F.2d 1239,LEWIS v. UNITED STATES of America, No. 80-5905].

Though it is a carefully guarded secret, the Rothschilds and their associates ownmost the shares in the central banks (Federal Reserve Directors: A Study of Corporateand Banking Influence, Committee on Banking, Currency and Housing, House ofRepresentatives, 1976, Charts 1-5) (Mullins, Eustice Secrets of the Federal Reserve1983). With extremely little government input, the economies of Tunisia,Egypt, Yemen, Jordan, and Algeria are strictly controlled by the Rothschildscentral banks and their International Monetary Fund.

THE MOTIVE: FOLLOW THE MONEY

Islamic banks have been eating into Rothschild profits in the Middle Eastbecause: they dont charge interest (Shariah Law), they are growing very rapidlyamong the worlds exploding Muslim populations, and (in these catastrophiceconomic times) they are more stable than western banks.


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While it is a very good thing that people are freed from the tyranny of dictators,they also need to be freed from the tyranny of economic control and serfdom.The relevant moral question is: Do the means justify the end?

Ben Ali's son-in-law El Materi at the opening of his Zitouna Bank, North Africa'sfirst Islamic bank, last May

Deposed Tunisian President Ben Alis son-in-law, Sakher El Materi, openedTunisias first Islamic bank, Zitouna Bank, on May 26, 2010. Zitouna Bank is

the first Islamic bank in the Maghreb region[North Africa]. The bank was afirst step toward Ben Alis new program of extensive reforms, Tunisia, a Pole forBanking Services and a Regional Financial Centre, which would haveundermined the power and the profits of the Central Bank of Tunisia (privately-owned by the Rothschilds and their associates).


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Tunis Financial Harbor opened last October 19. Its the first offshore financecentre in North Africa.

The Telegraph(October 19 2010) reported on the opening of the megaprojectTunis Financial Harbor President Ben Alis bid to make Tunisia the regionalfinancial centre of North Africa and beyond: Islamic investment bank GulfFinance House (GFH) and the Tunisian government have created the firstoffshore finance centre in North Africa. The centre will be part of TunisFinancial Harbor, a $3 billion waterfront development in Tunis . . . GFH, which

is based in Bahrain, hopes the centre will allow Tunisia to take advantage of itsstrategic position on the Mediterranean sea, and operate as a bridge between theEU and the rapidly growing economies of North Africa [and subSaharanAfrica].

However, despite the current poor climate, the potential for Islamic banking inEgypt is huge, and one should expect more moves from Abu Dhabi Islamic Bankinto Egypt, possibly in the form of a buyout, Executive Magazine (Feb 8 2011)reports, A recent Middle East Business Intelligence report said it best, when itopined, If Abu Dhabi Islamic Bank can make a success of offering Islamic

products, the whole market will open up. We have already seen some of the localbanks start to advertise their Islamic products in view of the competition forcustomers they see about to begin.

Clearly Islamic banks in the Gulf are already anticipating the day when theirhome markets are saturated. And it appears that Egypt will be on the next front-line in the development of regional Islamic banking and finance.


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African countries such as Algeria, Egypt, Libya, Morocco, Tunisia and Sudan arekeen on future sukuk exercises (issuing Islamic bonds). Gambia debuted with aUS$166m sukuk deal, privately sold in the US in 2006. [International FinanceReview (Reuters), 2008]

The New York Timesarticle Islamic banking rises on oil wealth, drawing non-Muslims ( November 22, 2007) reported: Rising oil wealth is lifting Islamicbanking which adheres to the laws of the Koran and its prohibition againstcharging interest into the financial mainstream. . . . In addition to Islamic loans,there are Islamic bonds, Islamic credit cards . . . Loans and bonds that conform tothe Koran are already available in the United States. . . .

This is an industry on its way from a niche industry to becoming a truly globalindustry, said Khawaja Mohammad Salman Younis, the managing director foroperations in Malaysia for Kuwait Finance House, the worlds second-largestIslamic bank. In the next three to five years youll see Islamic banks coming outin Australia, China, Japan and other parts of the world.

In Islamic banking, financiers are required to share borrowers risks, meaningthat depositors are treated more like shareholders, earning a portion of profits.Financing deals resemble lease-to-own arrangements, layaway plans, joint

purchase and sale agreements, or partnerships.

The stampede into Islamic finance is mostly an effort to tap an estimated $1.5trillion of funds sloshing around the Middle East, largely from higher oil prices. .. .Those investments have helped ignite an economic revival throughout theMuslim world at a time of increasing religious conservatism among Islams 1.6billion faithful. A result is expanding demand for financial services that adhere toIslamic law . . .

And while the biggest Islamic banks are in the wealthy Gulf States, the mostattractive potential markets are in Turkey and North Africa(emphasisadded) and among European Muslims. . . .

. . . even non-Muslims are taking advantage of a growing range of Islamicproducts offering competitive returns. For instance, David Ong-Yeoh, a publicrelations executive tired of fretting over the rising interest rate on his adjustablerate mortgage, refinanced to a 30-year fixed loan from an Islamic financialinstitution. Now, he pays regular installments that include a predetermined profitmargin for the bank.

The terms are better than on conventional loans, said Ong-Yeoh, 41.


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Islamic finance also avoids other prohibited practices. Shariah-compliantbankers cannot receive or provide funds for anything involving alcohol,gambling, pornography, tobacco, weapons or pork. Proponents of Islamicbanking say these are limits any socially conscious investor can support, Muslimor not. They also envision wider appeal for Islamic bankings ban on interest,which stems from the Korans prohibition against usury.

This is a view that has a long religious and historical tradition. Interest isrepeatedly condemned in the Bible. Aristotle denounced it, the Romans limited it,and the early Christian church prohibited it. . . .

The belief that all interest charges are unjust now underpins Islamic finance. . ..Hoarding is frowned upon in the Koran, so savings earn no return unless put toproductive use.

Money should be used for creating better value in the country or the economy,Maraj said. Money cannot generate money.

Nor can Islamic banks simply trade money. In the Islamic finance model, thebanks are supposed to mobilize funds through a fund management concept, saidRafe Haneef, head of Islamic banking in Asia for Citigroup.

Indeed, Islamic banking is supposed to function more like private equity firmsthan conventional banking. Private equity is an Islamic concept, Haneef said.

Industry proponents say this risk-sharing requirement helps reduce the kind ofabuses that led to the subprime mortgage mess in the United States. Scholarsconsider it un-Islamic to overload a customer with debt or invest in a companywith excessive debt.

The Washington Post, Islamic Banking: Steady In Shaky Times (Oct 31 2008),reported: As big Western financial institutions have teetered one after the otherin the crisis of recent weeks, another financial sector is gaining new confidence:Islamic banking. Proponents of the ancient practice, which looks to sharia law forguidance and bans interest and trading in debt, have been promoting Islamic

finance as a cure for the global financial meltdown.

This week, Kuwaits commerce minister, Ahmad Baqer, was quoted as sayingthat the global crisis will prompt more countries to use Islamic principles inrunning their economies. U.S. Deputy Treasury Secretary Robert M. Kimmet,visiting Jiddah, said experts at his agency have been learning the features ofIslamic banking.


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Though the trillion-dollar Islamic banking industry faces challenges with theslump in real estate and stock prices, advocates say the system has built-inprotection from the kind of runaway collapse that has afflicted so manyinstitutions. For one thing, the use of financial instruments such as derivatives,blamed for the downfall of banking, insurance and investment giants, is banned.So is excessive risk-taking.

The beauty of Islamic banking and the reason it can be used as a replacement forthe current market is that you only promise what you own [contrast to westernbanks fractional reserve system]. Islamic banks are not protected if the economygoes down they suffer but you dont lose your shirt, said Majed al-Refaie,who heads Bahrain-based Unicorn Investment Bank.

The theological underpinning of Islamic banking is scripture that declares thatcollection of interest is a form of usury, which is banned in Islam. In the modernworld, that translates into an attitude toward money that is different from thatfound in the West: Money cannot just sit and generate more money. To grow, itmust be invested in productive enterprises.

In Islamic finance you cannot make money out of thin air, said Amr al-Faisal, aboard member of Dar al-Mal al-Islami, a holding company that owns severalIslamic banks and financial institutions. Our dealings have to be tied to actualeconomic activity, like an asset or a service. You cannot make money off ofmoney. You have to have a building that was actually purchased, a serviceactually rendered, or a good that was actually sold.

Islamic bankers describe depositors as akin to partners their money isinvested, and they share in the profits or, theoretically, the losses that result. (Ininterviews, bankers couldnt recall a case in which depositors actually lost money;this shows that banks put such funds only in very low-risk investments, theysaid.)

It is easy to see why the Rothschilds and their network of conventional westernbanks would be threatened by competition from the more appealing, moreconservative Islamic banks.

Late in 2008, French Finance Minister Christine Lagarde announced Francesintention to make Paris the capital of Islamic finance and said several Islamicbanks would open branches in the French capital in 2009. French sourcesestimate this area of the financial market is worth from 500 to 600 billion dollarsand could grow by an average 11 percent a year.


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John Sandwick, managing director of Swiss asset management firm EncoreManagement, characterized the opening of several Swiss Islamic banks as, therace to control the rich prize: which today is worth hundreds of billions, but in thefuture will be trillions of dollars of Islamic wealth.

According to Standard and Poors, Islamic banking assets reached about $400billion throughout the world in 2009. In November 2010, The Banker publishedits latest authoritative list of the Top 500 Islamic Finance Institutions with Irantopping the list. Seven out of ten top Islamic banks in the world are Iranianaccording to the list. (iStockAnalyst, Feb 8, 2011)

BEN ALIS SON OPENS FIRST ISLAMIC BANK IN ATTRACTIVENORTH AFRICAN MARKET

Commenting on the opening of Zitouna (Islamic) Bank, International Business

Times (May 28 2010) reported, North Africa has begun to embrace Islamicfinance after years watching from the sidelines, partly to channel more Arab Gulfpetrodollars into the region. . . .Tunisia has one of the most open economies in theregion and attracts substantial investment from the European Union, somethingthat is expected to accelerate after 2014, when the government has said it willmake the currency (the Tunisian dinar) fully convertible.

Global Islamic Finance News (May 31, 2010) reported, Zitouna Bank also seeksto impart a regional dimension on its activities, particularly in the Maghrebregion [North Africa], all the more so that it is the first specialised bank notbelonging to a foreign banking group, and went on to add, The Bank will alsoseek to forge strong relations with the Maghreb and Mediterranean banks toensure needed flow of financial operations for its customers. The bank officialsstressed that the financial institution has established relations with 12 Islamicbanks in collaboration with the Institute of Islamic banks in Bahrain.

Zitouna banks formation had been announced earlier in the Official Gazette ofthe Republic of Tunisia on 10 September 2009. Tunisia and Morocco authorizedIslamic finance in 2007, partly to channel more investment into their fast-growing tourism and real estate industries.

Due to his being the son-in-law of President Ben Ali, El Materis Zitouna Bankwas expanding in Tunisia to the level of monopoly. El Materi had built apowerful business empire: he ran businesses in News and Media, Banking andFinancial Services, Automotive, Shipping and Cruises, Real Estate andAgriculture, Pharmaceuticals and last November 22 he bought a 50% stake inOrascom Telecom for 0.2 billion.


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The newly-opened Tunis Financial Harbor was on the brink of becoming theregional financial centre of North Africa and, with its strategic position on theMediterranean sea, becoming a bridge between the EU and the rapidly growingeconomies of North Africa and subSaharan Africa.

On January 20 2011, ZItouna Bank, Tunisias first Islamic bank was seized by theCentral Bank of Tunisia (Rothschilds). The bank owned by Sakher El Materi, thethirty-year-old son-in-law of deposed Tunisian leader Zine El Abidine Ben Alihas been placed under the control of the central bank. Materi is presently inDubai. The move came a day after 33 of Ben Alis clan were arrested for crimesagainst the nation. State television showed what it said was seized gold and

jewellery. Switzerland has also frozen Ben Alis family assets.

EGYPTS ISLAMIC BANKS THREATENED BY ROTHSCHILDREVOLUTION: OLD MAN POTTER VS HARRY BAILEY

A still from the film "It's A Wonderful Life"

The following scenario is right out of the 1946, Frank Capra film Its a Wonderful

Lifewith Old Man Potter (Rothschild) creating a run on Harry Baileystraditional Savings and Loans (Islamic bank):

Islamic (halal) banking products have not made significant inroads in NorthAfrica yet, except in Egypt. . . . There are several Islamic banks operating inEgypt: Faisal Islamic Bank, Al Baraka Egypt (Al Ahram Bank) and Abu DhabiIslamic Bank NBD . . . There may be others as well, says Blake Goud, an expert


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on Islamic Finance (The Review Middle East, Jan 31 2011), . . . and the risks ofa run on the bank should concern those interested in Islamic banking around theworld because it could provide a test of how resilient Islamic banks really are tocrisis.

What I mean is that the Egyptian situation, which could be a fantasticopportunity for the Egyptian people, could expose a weakness within the Islamicbanking industry if it is problematic. The main risk to any bank is that there is arun and the bank cannot meet depositor withdrawals with the cash available onhand. This forces the bank to raise cash from other means. In most cases, it caneither get an inter-bank loan from another bank overnight that allows it to handlewithdrawals. If other banks are hesitant to lend to a given bank because of fears ofasset quality, then the bank will usually have access to an overnight borrowingfacility with the central bank, which operates as the lender of last resort.

The key for Islamic banks is that they are not able to take advantage of theinter-bank lending market, nor are they able to borrow from (or lend to) thecentral bank (emphasis added) because those loans are interest-bearing. The onlyalternative is to find other banks (mostly Islamic banks) willing to extendShariah-compliant, bilateral loans often using commodity murabaha. In a countrylike Egypt where the Islamic banking industry is a small portion of the totalbanking system, it does not create a systemic risk if Islamic banks fail, but it doesmatter a lot to the depositors of other Islamic banks in the country and globally.If there is the potential that a run on an Islamic bank will not be stopped by

someone; whether that is a foreign bank, a multi-lateral bank like the IslamicDevelopment Bank or the central bank of Egypt (through emergency measures),then it could hurt confidence in Islamic banks.

If neither of these options are available, the bank will have to try to raise fundsby selling its assets, most of which (loans) are illiquid in the short run. It willhave to take a loss on the sale to realize the cash it needs to meet withdrawals. Ifthis continues and the bank sells enough assets at a discount to the value they areheld on the balance sheet, the banks equity will be negative (the value of assetsminus liabilities) and it will become insolvent (having earlier only been illiquid).

This is the fundamental danger in banking from a financial stability perspective.If enough banks face runs and have to sell assets, the run could become self-sustaining and contagious. Even a healthy bank facing a run can becomeinsolvent.

The loss of confidence is more than just a reputational hit and a hit on the egosof Islamic bankers. It would make it more difficult for Islamic banks to attract


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and retain depositors and it could raise the cost at which it can attract depositors.This would make the bank, all other things equal, less profitable (it makes profitof the spread between the return on invested funds and the cost of fundsborrowed from depositors). Lower profitability will lower the attractiveness ofIslamic banks to equity investors limiting their ability to increase capital throughequity offerings (or at least increasing the dilution to current shareholders). Itwill lower the amount available to supplement capital as well as pay dividends toits shareholders.

Therefore, it is important that the Islamic banks in Egypt make it through therun that is predicted if it materializes, not just for those banks shareholders, butalso for the Islamic banking industry.

In contrast, Bloomberg reports, Egypts banks may risk a surge in customerwithdrawals when they open for business, placing them among companies worsthit by the nationwide uprising against President Hosni Mubarak. CentralBank Governor Farouk El-Okdah said in a telephone interview Jan. 29 that hisbank has $36 billion in reserves, enough to accommodate investors should theywish to withdraw funds. His deputy, Hisham Ramez, said interbank lending willfunction properly when banks are reopened. He said the security situation willdetermine when that is possible.

Asked about the risk of a bank run, Mohamed Barakat, chairman of state-runBanque Misr and head of the countrys banking association, said in a telephoneinterview that Egyptian lenders are very liquid, with average loan-to-depositratios of 53 percent. [] The Egyptian interbank offered rate, the rate bankscharge to lend to each other, is at a 16-month high of 8.5 percent.

THE MEANS: SPONSOR PRO-DEMOCRACY ACTIVISTS

These Rothschild revolutions are done under the pretense of bringing democracyand deposing despots, but the real aim is to initially create chaos and a leadershipvacuum, then quickly offer a solution: install a puppet that will do the economicbidding of the Rothschilds. The citizens gain freedom of speech and association,but become economic serfs.

These revolutions are most likely coordinated at the highest levels by theRothschilds International Crisis Group. Mohamed ElBaradei is already beingtouted as a new leader for Egypt. ElBaradei is a trustee of the International CrisisGroup. Another board member of this group is Zbigniew Brzezinski. GeorgeSoros sits on the executive committee. The latter two are ubiquitous front menfor the Rothschilds.


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The revolutions are from the same playbook as the fairly nonviolent colorrevolutions. These revolutions have been successful in Serbia (especially theBulldozer Revolution (2000), in Georgias Rose Revolution (2003), in UkrainesOrange Revolution (2004), in Lebanons Cedar Revolution and (though moreviolent than the previous ones) in Kyrgyzstans Tulip Revolution (2005), andTunisias Jasmine Revolution. Irans Green Revolution (2009) was unsuccessful.

Liberal billionaire George Soros funded training of activists in North Africa.

The Guardian reported (Nov 26, 2004) that the following were directlyinvolved in organizing the color revolutions: George Soros Open SocietyFoundation, the National Endowment for Democracy (NED), the International

Republican Institute, and Freedom House. The Washington Post and the NewYork Times also reported substantial Western involvement in some of theseevents.

Activists from Otpor in Serbia have said that publications and training theyreceived from the US based Albert Einstein Institution staff have beeninstrumental in the formation of their strategies. The Albert Einstein Institutionis funded by the Soros Foundation and NED. (Wikipedia)

In the article, Georgia revolt carried mark of Soros (November 26, 2003), the

Globe & Mailreported, [Soros' Open Society Institute] sent a 31-year-old Tbilisiactivist named Giga Bokeria to Serbia to meet with members of the Otpor(Resistance) movement and learn how they used street demonstrations to toppledictator Slobodan Milosevic. Then, in the summer, Mr. Soross foundation paidfor a return trip to Georgia by Otpor activists, who ran three-day coursesteaching more than 1,000 students how to stage a peaceful revolution.


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Egyptian activists wearing Otpor shirts. Otpor was started by Soros in Serbia andhas trained activists in other color revolutions

Several protest organizers on the streets in Egypt last week were wearing Otpor

t-shirts. These t-shirts are given out by Otpor at training sessions. This is onlyto say that there may be a link here, between Soros and Tunisian protesters.

In 2007-08, Freedom House [funded by Soros and the Middle EasternPartnership Initiative (MEPI)] ran the following program: New Generation ofAdvocates, a MEPI-funded program that supports young civil society activistsworking for peaceful political change in the Middle East and North Africa,spearheaded the Lawyers against Corruption campaign in Tunisia.(FreedomHouse website). The group of journalists, lawyers, and other activists whoadvocate for democratic reform had a meeting with then Secretary of State

Condoleezza Rice, on a trip to Washington on International Human Rights Day,December 10, 2008. In May 2009, U.S. Secretary of State Hillary Clinton metwith the group of activist/dissidents. Freedom House reported on their websitethat the group also visited U.S. government officials, members of Congress,media outlets and think tanks . . . After returning to Egypt, the fellows receivedsmall grants to implement innovative initiatives such as advocating for politicalreform through Facebook and SMS messaging. (emphasis added)

And also from the Freedom House website: From February 27 to March 13[2010], Freedom House hosted 11 bloggers from the Middle East and North

Africa for a two-week Advanced New Media Study Tour in Washington, D.C.

In 2010, Soros Open Society Institute funded a grant called Can It Tweet its wayto Democracy? The promise of Participatory Media in Africa described on the OSIwebsite as . . . . Ethiopia and Egypt have been the current focus of the researchprogramme; the OSI funding will allow the project to be expanded to include:Uganda, Zimbabwe, Tunisia, Eritrea and Rwanda. . . . it is hoped that it will


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contribute to the understanding of the new media in Africa and its links todemocratization. It is also intended that the study will be used as a sourcematerial for future research.

Facebook and Twitterwere the primary means of organizing the revolution in Egypt: Activists fromEgypts Kifaya (Enough) movement a coalition of government opponents andthe 6th of April Youth Movement organized the protests on the Facebook andTwitter . . . . (Voice of America)

In the Foreign Policy Journal, Dr. D.K. Bolton (Jan 19 2011) writes, NED[National Endowment for Democracy] and Soros work in tandem, targeting thesame regimes and using the same methods. . . . At least ten of the twenty-two

directors of NED are also members of the plutocratic think tank, the Council onForeign Relations . . . . (The Council of Foreign Relations is the American sisterof the Rothschilds Royal Institute of International Affairsin Britain: both areinstruments of plutocratic control hiding in plain sight.

The following is a partial list of grants from the NED website for 2009 (the latestyear available):

In Tunisia the focus was on training youth activists:

Al-Jahedh Forum for Free Thought $131,000To strengthen the capacity andbuild a democratic culture among Tunisian youth activists.

Mohamed Ali Center for Research, Studies and Training $33,500To train a coregroup of Tunisian youth activists on leadership and organizational skills toencourage their involvement in public life. [MACRST] will conduct a four-dayintensive training of trainers program for a core group of 10 young Tunisian civic


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activists on leadership and organizational skills; train 50 male and female activistsaged 20 to 40 on leadership and empowered decision-making; and work with thetrained activists through 50 on-site visits to their respective organizations.

Association for the Promotion of Education $27,000To strengthen the capacity

of Tunisian high school teachers to promote democratic and civic values in theirclassrooms. APES will conduct a training-of-trainers workshop for 10 universityprofessors and school inspectors, and hold three two-day capacity buildingseminars for 120 high school teachers . . . .

The above organizations and others have been recipients of ongoing NED grantsin Tunisia, as the following list from previous years indicates:

2008: Al-Jahedh Forum for Free Thought received $57,000 to train Tunisianactivists; Mohamed Ali Centre for Research got $37,800; Tunisian Arab Civitas

Institute, $43,000 for training teachers in civic values and the Center forInternational Private Enterprise, $163,205 to inculcate free enterprise doctrinesamong Tunisian businessmen, which reflects what NED is really aiming for in itspromotion of democracy and civil values: globalization (Bolton, 2011)

2007: AJFFT received $45,000 to develop Tunisian Activists; The ArabInstitute for Human Rights got $43,900; The Center for International PrivateEnterprise (CIPE) $175, 818; The Mohamed Ali Center for Research, Studies,and Training $38,500; Moroccan Organization for Human Rights $60,000 Tostrengthen a group of young Tunisian attorneys as they mobilize citizens onreform issues.

In Egypt, the number of NED grants doubled in 2009 to 33 democracy projectstotaling $1.4 million and the focus changed from promoting private enterprise totraining young human-rights lawyers, and identifying and training youthactivists. It will be interesting to see when (if?) NED publishes its 2010 grants.From the NED websitea sample of the grants for 2009:

Egyptian Union of Liberal Youth (EULY) $33,300to expand the use of newmedia among youth activists for the promotion of democratic ideas and values.EULY will train 60 youth activists to use filmmaking for the dissemination ofdemocratic ideas and values. The Union will lead a total of four two-month longtraining workshops in Cairo to build the political knowledge and technicalfilmmaking skills of participating youth involved in NGOs.

Andalus Institute for Tolerance and Anti-Violence Studies (AITAS) $48,900Tostrengthen youth understanding of the Egyptian parliament and enhance regional


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activists use of new technologies as accountability tools. AITAS will conduct aseries of workshops for 300 university students to raise their awareness ofparliaments functions and engage them in monitoring parliamentary committees.AITAS will also host 8 month-long internships for youth activists from theMiddle East and North Africa to share its experiences using web-basedtechnologies in monitoring efforts.

Bridge Center for Dialogue and Development (BTRD) $25,000to promote youthexpression and engagement in community issues through new media. BTRD willtrain youth between the ages of 16 and 26 in the use of new and traditional mediatools to report on issues facing their communities. BRTD will also create awebsite for human rights videos and new media campaigns in Egypt.

Egyptian Democracy Institute (EDI) $48,900to promote accountability andtransparency in parliament through public participation, and to build legislativecapacity. EDI will produce quarterly monitoring reports and hold seminars todiscuss the overall performance of Parliament and offer recommendations onlegislation proposed in the Peoples Assembly. EDI will monitor, collect, anddocument evidence of corruption in Cairo and Alexandria

Lawyers Union for Democratic and Legal Studies (LUDLS) $20,000To supportfreedom of association by strengthening young activists ability to express andorganize themselves peacefully within the bounds of the law. LUDLS will train250 youth activists on peaceful assembly and dispute resolution

Our Hands for Comprehensive Development $19,200to engage Minya youth incivic activism and encourage youth-led initiatives and volunteerism. Our Handswill hold two public meetings for local youth to discuss challenges and to identifyyouth leaders who would benefit from additional training courses. Participantswill produce a short film on youth political participation, and develop andimplement action plans for resolving problems facing youth in the governorate.Our Hands will also provide Minya youth an opportunity to learn from theexperience of and network with Cairo-based activists and NGOs.

Youth Forum $19,000to expand and maintain a network of youth activists onEgyptian university campuses and to encourage the participation of universitystudents in student union elections and civic activities on campus. . . .

NED and Soros have been injecting millions of dollars into the training of NorthAfrican, pro-democracy teachers, lawyers, journalists and youth activists. In2009 they more than doubled their training efforts. Why, at this time, has the 30-year support of these dictators been undermined? The prize is the rapidly-rising


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economies of North Africa. It coincides with the efforts of Ben Ali to makeTunisia the financial center of North Africa and to promote Islamic banking. TheRothschilds want North African Muslims to borrow from Rothschild banks andpay interest at rates the Rothschild central bank decides: they do not want themto be able to borrow from Islamic banks and not pay any interest. TheRothschilds want Muslims to trade their present political oppression at the handsof brutal dictators for future economic serfdom under the control of banker LordRothschild

Egypt Revolution-basic Case Study-2

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